Funding led by Post Road Group and Bain Capital Credit to accelerate DC BLOX’s enterprise and cloud data center deployments in new markets
DC BLOX, a leading provider of interconnected multi-tenant data centers that deliver the infrastructure and connectivity essential to power today’s digital business, today announced that it has secured $187 million in long-term financing led by Post Road Group and Bain Capital Credit. Proceeds will be used to refinance DC BLOX’s existing credit facilities, add liquidity to DC BLOX’s balance sheet, and provide additional capital to fund continued investments in existing and new data center capacity.
DC BLOX is among only a few data center operators who have received large investments to enable mid-market and Edge multi-tenant data center solutions. The Company builds new, Tier III-designed, state-of-the-art data centers fully connected by a high-speed, low-latency private network throughout the Southeastern United States. DC BLOX continues to stand out as a unique pure-play data center operator focused on underserved growing cities. The new funding illustrates resounding trust in its strategic vision and leadership team implementing the Company’s business plan to build and expand high-quality, multi-tenant data center facilities.
“This financing would have not been possible without the efforts of our team and represents a significant milestone for the company. The trust and partnership we have developed with the teams at Post Road Group and now with Bain Capital Credit are instrumental to our continued growth plans,” commented Jeff Uphues, CEO of DC BLOX. “This capital will be immediately deployed to support growth in our existing facilities and accelerate the expansion of our Tier III-designed interconnected data center platforms in other markets throughout the Southeastern United States,” said Kevin O’Donnell, Chief Financial Officer.
“Post Road Group is excited to be a major investor in DC BLOX. We’ve worked extensively with their world-class management team for the past four years and enthusiastically support their strategy to bring superior data centers, connectivity, and storage infrastructure to growing Edge markets,” commented Michael Bogdan, Managing Partner of Post Road Group.
“Edge computing, storage, and connectivity aggregation points are increasingly pushing outside of major metropolitan areas, and DC BLOX is well-positioned to capitalize on this expansion and deliver a state-of-the-art data center network to smaller markets. We look forward to the partnership with DC BLOX and to supporting the Company’s growth,” said Brian Hirschfeld, a Managing Director at Bain Capital Credit.
DC BLOX has Tier III-designed data centers located in Atlanta, GA, Birmingham, AL, Chattanooga, TN, Huntsville, AL, and opening soon in Greenville, SC. Each data center is interconnected through a private and redundant carrier-grade mesh-network ecosystem providing customers access to cloud on-ramps, Internet access, and an array of network options delivering both core and edge connectivity solutions.
Including this most recent round of financing, DC BLOX has secured more than $285 million since 2016 to accelerate and execute the Company’s growth strategy of bringing modern data centers, infrastructure, and connectivity to Edge markets. DH Capital served as financial advisor to DC BLOX and has served as a trusted advisor since 2018.